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5 Stocks Driving The Technology Sector Higher

All three major indices are trading up today with the Dow Jones Industrial Average (^DJI) trading up 76 points (0.5%) at 15,300 as of Tuesday, July 9, 2013, 12:50 PM ET. The NYSE advances/declines ratio sits at 2,101 issues advancing vs. 849 declining with 106 unchanged.

The Technology sector currently sits up 0.4% versus the S&P 500, which is up 1.2%. Top gainers within the sector include Freescale Semiconductor (FSL), up 11.7%, LG.Display Company (LPL), up 4.1%, Applied Materials (AMAT), up 3.7%, Turkcell Iletisim Hizmetleri AS (TKC), up 3.3% and Facebook Inc Class A (FB), up 2.6%. On the negative front, top decliners within the sector include Micron Technology (MU), down 4.8%, Cerner Corporation (CERN), down 2.6%, Qualcomm (QCOM), down 1.6% and Oracle Corporation (ORCL), down 0.7%.

TheStreet would like to highlight 5 stocks pushing the sector higher today:

5. Nokia Oyj (NOK) is one of the companies pushing the Technology sector higher today. As of noon trading, Nokia Oyj is up $0.09 (2.2%) to $4.22 on average volume. Thus far, 18.8 million shares of Nokia Oyj exchanged hands as compared to its average daily volume of 33.1 million shares. The stock has ranged in price between $4.21-$4.27 after having opened the day at $4.23 as compared to the previous trading day's close of $4.13.

Nokia Corporation operates as a mobile communications company worldwide. It operates in three segments: Devices & Services, HERE, and Nokia Siemens Networks. Nokia Oyj has a market cap of $15.3 billion and is part of the telecommunications industry. Shares are up 4.6% year to date as of the close of trading on Monday. Currently there are 5 analysts that rate Nokia Oyj a buy, 6 analysts rate it a sell, and 6 rate it a hold.

TheStreet Ratings rates Nokia Oyj as a sell. Among the areas we feel are negative, one of the most important has been an overall disappointing return on equity. Get the full Nokia Oyj Ratings Report now.

3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

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